MontanaWithKids.com

By: Bob van der Valk

With all the talk about curbing oil demand oil producers should be thinking twice about investing in new capacity. Consumers should rejoice and environmentalists will lament because the immediate alternative will still be some product made from fossil fuel. (more…)

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Aaron Flint and Bob van der Valk in front of the Badlands Cafe and Scoop Shoppe in Terry, Montana before doing the Voices of Montana broadcast

Terry, Montana
November 29, 2009
By: Bob van der Valk

The Badlands Cafe and Scoop Shoppe in Terry, Montana was visited by host Aaron Flint and his Voices of Montana radio show on Friday, November 27, 2009. His broadcast was beamed live from the cafe across the State of Montana on the Northern Broadcasting Network. (more…)

Tithing

Dateline: Terry, Montana
By: Bob van der Valk
November 18, 2009

Headline on page A1 in this morning’s New York Times reads “$500 Million and Apology From Goldman”. In the article, by Graham Bowley, he outlines the response to criticism over their planned year-end bonuses. Goldman Sachs said it was working with the billionaire investor Warren E. Buffett in a $500 million project to help 10,000 small businesses.

This charitable move by Goldman Sachs came a little more than a week after Lloyd Blankfein, Goldman’s chairman and chief executive, was quoted as saying that they were “doing God’s work”. The $500 million represents only 3 percent of the $16.7 billion in bonuses set aside to pay its employees this year. (more…)

Dateline: Terry, Montana
October 26, 2009 10:30 AM MDT
By: Bob van der Valk

The two teams for the upcoming World Series of crude oil have been decided. The first team is made up of speculators and hedge fund advisors with the other team made up of the major and independent oil companies. The final outcome of this game between the Wall Street Titans and the Texas Oil Barons will decide the winner or loser, in this case the gasoline customer. Please read the remainder of this article on the player statistics after some local news about Montana fuel prices. (more…)

Goldman Sachs is lining its pockets buying political power

Dateline: Terry, Montana
October 22, 2009 4:00 AM MDT
By: Bob van der Valk

On October 21, 2009, in his remarks at the OTC Derivatives Regulation, Futures Industry Association Expo in Chicago, the Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler proposed that hedge funds, financial firms or other investment funds not be exempted from clearing requirements and all standardized OTC products should be moved onto regulated exchanges or trade execution facilities.

The CFTC also recommended changes to its oversight authority, including implementation of the “Eddie Murphy” rule, taken from the 1983 comedy movie “Trading Places”. The CFTC will extend insider trader prohibitions to include parties who receive misappropriated information from any government agency. This will be known and is referred to as the “Eddie Murphy” rule. (more…)

The Gas Guy dressed up for Halloween 2009

Dateline: Terry, Montana
October 19, 2009 2:00 PM MDT
By: Bob van der Valk

Don’t be scared when you look at the prices you are paying at the pump right now for gasoline and diesel. This winter fuel prices both gasoline and diesel will reach the same low price levels as last year.

In Montana and in the rest of the U.S., we are now already paying about 45 cents per gallon less for fuel than we did last year. Gasoline in Montana is currently averaging $2.59 with the price last year at $3.04 per gallon. (more…)

Paul and Linda Nygard from Billings, Montana enjoying breakfast at the Badlands Cafe and Scoop Shoppe in Terry, Montana before hunting antelope in Prairie County

The van der Valk Eastern Montana Gas Price Advisory for 10-12-09

Dateline: Terry, Montana
By: Bob van der Valk
October 12, 2009 9:30 AM MDT

Hunters have been arriving in Terry by the droves since last week Friday in time for the start of the annual hunting season. They will be after herds of antelopes, which have propagated thanks to the great summer weather greening up the prairies.

They have also enjoyed seeing lower gas prices to fill up their trucks, vans and SUVs while driving to Terry from as far away as Minnesota and Idaho. The Four-Corner gas station in Terry is selling regular unleaded gasoline for only $2.479 per gallon this morning. (more…)

Dateline: Terry, Montana
September 20, 2009 5:30 PM MDT

You will soon be paying under $2 per gallon again for gasoline and diesel fuel In Montana and elsewhere. The crude oil price will go back down into the 40’s. So make plans for that trip to see the grandparents for the holidays as well as give the economy a much needed boost. (more…)

The van der Valk Gas Price Advisory for September 7, 2009

Dateline: Terry, Montana

We have had some dog days here in Terry, Montana this summer and the price of gasoline has been scorching upward right along with the heat. The spot market for gasoline and diesel prices dropped like a rock Monday, but Tuesday morning brought new hope and both of them are both back up. Gasoline is heading the pack but the price of crude oil is back down some more to $68.86 up 89 cents a barrel on this holiday. (more…)

Dateline: Terry, Montana
August 24, 2009
By: Bob van der Valk

The October West Texas Intermediate crude oil price went up to $74.37 a barrel at the settlement today. We have not seen the price of crude oil hit that mark since last October. This current up tick is the result of the bearish Energy Information Administration – Department of Energy (DOE) and American Petroleum Institute (API) inventory reports published earlier in the week. Both reports reflected huge unanticipated draws for all products including crude oil for the week ending August 14, 2009. (more…)

The van der Valk Gas Price Advisory for July 10, 2009

Dateline: Terry, Montana
July 10, 2009 – 11:30 AM – MDT
By: Bob van der Valk

California pump prices for gasoline dropped unpretentiously today another 7 tenths of a penny per gallon overnight to $2.926 per gallon. Montana prices were even less newsworthy only going down 3 tenths to $2.707 per gallon per the AAA fuelgauge report. But underneath the surface, sharks are lurking and they will come to bite you in the wallet when you are not watching out. (more…)

The price of crude oil has been hovering around $70 a barrel for the last week meanwhile gasoline pump prices in the U.S. and Canada are down by about a nickel a gallon or 1 cent per litre during that same time. The average price for a gallon of gasoline is $2.63 today per the AAA fuelguage report. Montana’s gasoline prices are averaging $2.71 barely nudging down from a week ago price. (more…)

April showers may bring May flowers but this year it also brought forth a spring time renewal for oil refiner’s profits. This was in the form of increased demand for gasoline after dismal first quarter results in 2009. But now the June swoon has come too soon and the oil companies are looking forward to those summer breezes peeking just around the corner. (more…)

After emigrating to the U.S. from Holland, at the young age of 15, I learned to speak English by watching Saturday morning cartoons and listening to Elvis Presley songs on the radio. (more…)

While the market sorted itself out yesterday, I was busy trying to keep from running out of water at the Bob’s Big Boy Ranch in Terry, Montana. At one point we not only had our artesian well down but our hard water well had shut down as well. Unexpectedly, we had to make a quick trip and run out to the Terry Super Valu grocery store to stock up on bottled water. We may well be having a similar problem happening right now in the refining and petroleum business. (more…)

Dateline: Terry, Montana 05-26-2009 10:00 AM MST – The July WTI crude oil price is a basic no change down 21 cents to $61.46 a barrel. The spot market gasoline price is up 1 cent per gallon and diesel no change so far this morning. The average price for regular unleaded gasoline is $2.421 per gallon in the U.S. with the West Coast at $2.667 per gallon. (more…)

Petroleum traders have been keeping a weary eye on the news about the swine flu spreading to other parts of the world. But by now they are used to having the least amount of bad news effect crude oil and in turn fuel prices. (more…)

This week’s DOE inventory statistics came in way over expectations for crude oil stocks rising almost 4 million barrels, twice the number predicted by industry analysts. For the time being, we’ve got plenty of crude oil on hand but will it continue to be enough for the future? (more…)

The May WTI crude oil price is up 35 cents to $50.33 a barrel at the close today. On the US West Coast the wholesale spot market price for gasoline and diesel went up 2 cents per gallon in concert with crude oil.

It’s another day – same old story in the petroleum markets. (more…)

Dateline: Terry, Montana – If Elvis was alive today he would have been on his knees looking forlorn at his adoring audience while singing one of his signature songs making you feel even bluer after all that is been happening in the world today.
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The van der Valk Gas Price Advisory for 3-20-09. Once again it’s back to Bob the Gas Guy in rainy Seattle from being Cowboy Bob in Big Sky country Montana. But gasoline pump prices have not changed very much during the two weeks I was gone. (more…)

U.S. Energy Secretary Steven Chu said on Wednesday he will speak to OPEC ministers before their meeting this weekend and warn them as they consider another oil production cut that high crude oil prices will harm the fragile world economy. That is the same “pity line” used on OPEC by the Bush administration last year when crude oil prices spiked up to $147 a barrel in order to get them to increase oil production thereby lowering oil prices. (more…)

Hope springs eternal for motorists with West Coast spot market pipeline diesel and gasoline prices down 3 cents per gallon this morning. But this is just an adjustment of the big upward momentum in prices of the last two days for these two products with diesel up 7 cents and gasoline up 16 cents per gallon.
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